CMS Energy beat Wall Street expectations Wednesday after reporting earnings of $80 million in the second quarter, or 32 cents a share. That’s compared to a profit of $75 million in the second quarter of 2009.

Analysts had predicted earnings of 27 cents a share. The Jackson-based company showed a profit of $85 million in the first quarter of this year.

“We are maintaining our focus on providing customers with safe, reliable and affordable service and we continue to tightly manage our costs to help create energy value for customers,” CMS President and CEO John Russell said in a statement.

During the quarter, CMS announced it was deferring development of its new coal plant, signed a five-year agreement with its labor union and signed contracts for numerous Michigan-based renewable energy projects.

“Our Balanced Energy Initiative includes more than doubling the amount of renewable energy that we supply to customers and continuing our successful energy efficiency programs that are helping customers save energy,” Russell said in the statement. “Consumers Energy already is Michigan’s largest supplier of renewable energy, with 4 percent of the electricity that we supply to customers today coming from renewable sources. By the end of 2012, including the addition of our Lake Winds Energy Park, we project that Michigan-based renewable sources will provide about 8 percent of the power that our customers need.”

The utility is required by law to reach 10 percent by 2015.

Russell and other company officials will take part in a conference call with analysts and investors later this morning to discuss the results.